The Sky Blue Corporation has the following adjusted trial balance at December 31.

	Debit			Credit
Cash	$	1,390
Accounts Receivable		3,600
Prepaid Insurance		3,900
Notes Receivable (long-term)		4,600
Equipment		20,000
Accumulated Depreciation				$	5,800
Accounts Payable					7,020
Salaries and Wages Payable					1,800
Income Taxes Payable					4,500
Unearned Revenue					920
Common Stock					4,000
Retained Earnings					1,640
Dividends		460
Sales Revenue					56,430
Rent Revenue					460
Salaries and Wages Expense		24,800
Depreciation Expense		2,900
Utilities Expense		5,820
Insurance Expense		3,000
Rent Expense		7,600
Income Tax Expense		4,500
Total	$	82,570		$	82,570

Record the closing entry for revenues and expenses.

Record the closing entry for dividends.